https://www.taxtmi.com/caselaws?id=95174 The tribunal upheld the denial of the small scale exemption notification benefit for the appellant due to their association with a company exceeding the turnover limit. The penalty imposed was reduced from Rs. 30,000 to Rs. 15,000 considering the circumstances. The tribunal dismissed the limitation contention for the show cause notice due to the appellant's delayed disclosure. The total consideration was directed to be treated as cum-duty price, allowing for deduction based on confirmed duty, leading to a re-calculation of the assessable value. The appeal concluded with instructions to re-quantify duty based on the new assessment criteria. en-us Fri, 08 Sep 2000 00:00:00 +0530 Thu, 08 Dec 2011 15:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95174 The tribunal upheld the denial of the small scale exemption notification benefit for the appellant due to their association with a company exceeding the turnover limit. The penalty imposed was reduced from Rs. 30,000 to Rs. 15,000 considering the circumstances. The tribunal dismissed the limitation contention for the show cause notice due to the appellant's delayed disclosure. The total consideration was directed to be treated as cum-duty price, allowing for deduction based on confirmed duty, leading to a re-calculation of the assessable value. The appeal concluded with instructions to re-quantify duty based on the new assessment criteria. Case-Laws Central Excise Fri, 08 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95174